Verivox analysis: Germany has the highest electricity prices in the G20

According to an analysis by the comparison portal Verivox, Germany has the highest electricity prices in the G20 group of leading industrialized and emerging countries. Of the G20 countries, electricity in Germany is the most expensive at 35.6 cents per kilowatt hour, shows a price analysis by Verivox based on data from the energy service Global Petrol Prices.

This is followed by Italy with 34.5 cents and Great Britain with 32.4 cents. The average for the G20 countries is around 16.3 cents. In comparison, electricity in Germany is more than twice as expensive. The gap to other large economies is considerable: in France a kilowatt hour costs 23.3 cents and in the USA 18.3 cents.

Verivox: High tax and duty burden is a key driver

A key driver of the high electricity costs in Germany is high taxes and fees. According to Verivox data, taxes, levies, levies and network fees currently account for over 60 percent of the electricity price in Germany. Other components of the electricity price include costs for procurement, sales, service and the supplier's services.

Business associations have long been calling for electricity taxes to be reduced for all companies and households. Electricity prices in Germany are among the highest in the world, according to Verivox energy expert Thorsten Storck. This is also due to the fact that electricity production itself only accounts for around a third of the electricity price for households.

“The figures show once again: Germany has the highest electricity prices, and that is due to the high tax burden. The federal government has promised a reduction in electricity taxes for everyone, and it should finally implement this promise, ideally before Christmas,” said Green Party politician Michael Kellner.

The G20 includes 19 states, the EU and, since 2023, the African Union (AU). The member states are: Argentina, Australia, Brazil, China, Germany, France, Great Britain, India, Indonesia, Italy, Japan, Canada, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey and the USA.